13F 申报指南13F 概念全攻略
什么是 SEC Form 13F 申报？美股机构大户持股全攻略
完整解读 Form 13F 申报规范、1 亿美元门槛与 45 天延迟申报机制，学会如何追踪顶级对冲基金与机构法人持仓动向。
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CIK: 0002041021
申报总市值
US$1.1亿
US$1.1亿
251 檔
8.7%
Q4 2025 季度申报显示，Board of the Pension Protection Fund 披露的美股组合总市值为 US$1.1亿，涵盖 251 个不同之权益投资仓位。
Board of the Pension Protection Fund 在 Q4 2025 进行了结构性的板块轮动与仓位换股。在开立 4 个全新仓位及加仓 21 档持股的同时，亦同步清仓 11 档并减仓 14 档标的。
在资产配置集中度方面，Board of the Pension Protection Fund 的前 5 大核心持股（包含 CNC, TWLO, ZM 等）合计占整体申报市值的 8.7%，反映机构在主要关键仓位上的权重分布。
仅显示前 200 大持股（共 251 只）
| # | 代码 | 标的名称 | 资产子类别 | 占比 | 占比变动 | 持仓量变化 | 4Q Trend |
|---|---|---|---|---|---|---|---|
| 1 | CNC | Centene CORP | 股票-医疗保健 | 1.76% | +1.50% | +60.14% | |
| 2 | TWLO | Twilio Inc - A | 股票-科技 | 1.76% | -1.79% | +2.36% | |
| 3 | ZM | Zoom Communications Inc | 股票-科技 | 1.76% | -1.69% | EXIT | |
| 4 | PCG | P G & E CORP | 股票-公用事业 | 1.74% | -0.31% | +80.06% | |
| 5 | GM | General Motors Co | 股票-周期性消费 | 1.73% | — | — | |
| 6 | FOXA | Fox CORP - Class A | 股票-通信服务 | 1.70% | +0.01% | +3.81% | |
| 7 | FOX | Fox CORP - Class B | 股票-通信服务 | 1.70% | — | +7.00% | |
| 8 | EXPE | Expedia Group Inc | 股票-周期性消费 | 1.67% | — | +34.78% | |
| 9 | OMC | Omnicom Group | 股票-通信服务 | 1.67% | -0.08% | +24.00% | |
| 10 | EG | Everest Group, Ltd. | 股票-金融 | 1.65% | — | +293.85% | |
| 11 | AIG | American International Group | 股票-金融 | 1.64% | +0.23% | +296.08% | |
| 12 | HPE | Hewlett Packard Enterprise | 股票-科技 | 1.64% | +0.02% | -8.91% | |
| 13 | WRB | Wr Berkley CORP | 股票-金融 | 1.62% | — | +92.86% | |
| 14 | EIX | Edison International | 股票-公用事业 | 1.62% | -0.08% | +72.56% | |
| 15 | CTSH | Cognizant Tech Solutions-a | 股票-科技 | 1.60% | -0.50% | +6.84% | |
| 16 | L | Loews CORP | 股票-金融 | 1.59% | +0.24% | +6.71% | |
| 17 | CMCSA | Comcast Corp-class A | 股票-通信服务 | 1.59% | +0.95% | +214.04% | |
| 18 | TRV | Travelers Cos Inc/the | 股票-金融 | 1.59% | — | +12.94% | |
| 19 | ACGL | Arch Capital Group Ltd. | 股票-金融 | 1.59% | +0.79% | NEW | |
| 20 | EQH | Equitable Holdings Inc | 股票-金融 | 1.57% | +0.52% | +45.19% | |
| 21 | F | Ford Motor Co | 股票-周期性消费 | 1.57% | +0.99% | NEW | |
| 22 | SYF | Synchrony Financial | 股票-金融 | 1.57% | +0.24% | +26.92% | |
| 23 | PFG | Principal Financial Group | 股票-金融 | 1.57% | -0.85% | EXIT | |
| 24 | DOCU | Docusign Inc | 股票-科技 | 1.56% | -0.29% | +24.35% | |
| 25 | HAL | Halliburton Co | 股票-能源 | 1.55% | +1.28% | NEW | |
| 26 | HBAN | Huntington Bancshares Inc | 股票-金融 | 1.55% | -1.25% | EXIT | |
| 27 | RF | Regions Financial CORP | 股票-金融 | 1.55% | -0.72% | +117.75% | |
| 28 | FLEX | Flex Ltd. | 股票-科技 | 1.55% | +0.27% | -15.67% | |
| 29 | CINF | Cincinnati Financial CORP | 股票-金融 | 1.54% | +0.06% | +8.79% | |
| 30 | GEN | Gen Digital Inc | 股票-科技 | 1.53% | +0.17% | +15.66% | |
| 31 | BEN | Franklin Resources Inc | 股票-金融 | 1.52% | -1.38% | EXIT | |
| 32 | MET | Metlife Inc | 股票-金融 | 1.52% | -0.31% | EXIT | |
| 33 | PRU | Prudential Financial Inc | 股票-金融 | 1.50% | -1.25% | EXIT | |
| 34 | HIG | Hartford Insurance Group Inc | 股票-金融 | 1.50% | +0.10% | +2.70% | |
| 35 | AVY | Avery Dennison CORP | 股票-周期性消费 | 1.49% | — | — | |
| 36 | CTRA | Coterra Energy Inc | 股票-能源 | 1.48% | — | +70.11% | |
| 37 | AMCR | Amcor plc | 股票-周期性消费 | 1.48% | — | +96.42% | |
| 38 | UAL | United Airlines Holdings Inc | 股票-工业 | 1.47% | +0.47% | -19.77% | |
| 39 | NWS | News CORP - Class B | 股票-通信服务 | 1.46% | -0.39% | +35.16% | |
| 40 | TXT | Textron Inc | 股票-工业 | 1.46% | +0.27% | -6.88% | |
| 41 | NWSA | News CORP - Class A | 股票-通信服务 | 1.46% | +0.45% | +31.03% | |
| 42 | FNF | Fidelity National Financial | 股票-金融 | 1.45% | -1.08% | +330.77% | |
| 43 | VZ | Verizon Communications Inc | 股票-通信服务 | 1.45% | — | +22.22% | |
| 44 | DAL | Delta Air Lines Inc | 股票-工业 | 1.45% | +0.08% | +8.96% | |
| 45 | CNA | Cna Financial CORP | 股票-其他 | 1.43% | -0.51% | EXIT | |
| 46 | GDDY | Godaddy Inc - Class A | 股票-科技 | 1.39% | -0.07% | +883.33% | |
| 47 | FWONA | Liberty Media Corp-formula-a | 股票-其他 | 1.38% | -1.41% | EXIT | |
| 48 | GPN | Global Payments Inc | 股票-工业 | 1.36% | -0.03% | +351.22% | |
| 49 | SW | Smurfit Westrock Plc | 股票-周期性消费 | 1.36% | — | — | |
| 50 | APTV | Aptiv PLC | 股票-周期性消费 | 1.34% | +0.35% | +72.90% |
| # | 代码 | 标的名称 | 占比变动 | 持仓量变化 | 异动类型 |
|---|---|---|---|---|---|
| 1 | AIG | American International Group | +1.3% | +296.08% | 加仓 |
| 2 | GDDY | Godaddy Inc - Class A | +1.2% | +883.33% | 加仓 |
| 3 | BEN | Franklin Resources Inc | +1.2% | +413.85% | 加仓 |
| 4 | EG | Everest Group, Ltd. | +1.2% | +293.85% | 加仓 |
| 5 | PFG | Principal Financial Group | +1.2% | +315.56% | 加仓 |
| 6 | ACGL | Arch Capital Group Ltd. | +1.2% | +286.67% | 加仓 |
| 7 | PRU | Prudential Financial Inc | +1.2% | +311.76% | 加仓 |
| 8 | FNF | Fidelity National Financial | +1.1% | +330.77% | 加仓 |
| 9 | CMCSA | Comcast Corp-class A | +1% | +214.04% | 加仓 |
| 10 | GPN | Global Payments Inc | +1% | +351.22% | 加仓 |
| 11 | CDW | Cdw Corp/de | +0.9% | +523.08% | 加仓 |
| 12 | RF | Regions Financial CORP | +0.8% | +117.75% | 加仓 |
| 13 | PCG | P G & E CORP | +0.8% | +80.06% | 加仓 |
| 14 | PINS | Pinterest Inc- Class A | +0.8% | +261.43% | 加仓 |
| 15 | CNC | Centene CORP | +0.8% | +60.14% | 加仓 |
| 16 | F | Ford Motor Co | +0.7% | +77.46% | 加仓 |
| 17 | EIX | Edison International | +0.7% | +72.56% | 加仓 |
| 18 | AMCR | Amcor plc | +0.7% | +96.42% | 加仓 |
| 19 | EXPE | Expedia Group Inc | +0.7% | +34.78% | 加仓 |
| 20 | WRB | Wr Berkley CORP | +0.7% | +92.86% | 加仓 |
| 21 | CTRA | Coterra Energy Inc | +0.7% | +70.11% | 加仓 |
| 22 | NTAP | Netapp Inc | -0.7% | -90.00% | 减仓 |
| 23 | SLB | Slb LTD | -0.8% | -94.21% | 减仓 |
| 24 | DVN | Devon Energy CORP | -0.8% | -95.20% | 减仓 |
| 25 | MKL | Markel Group Inc | -0.8% | -95.74% | 减仓 |
| 26 | BKR | Baker Hughes Co | -1% | -96.82% | 减仓 |
| 27 | P | Everpure Inc-a | -1% | -96.09% | 减仓 |
| 28 | PGR | Progressive CORP | -1.2% | -96.08% | 减仓 |
| 29 | ALL | Allstate CORP | -1.2% | -96.61% | 减仓 |
| 30 | FITB | Fifth Third Bancorp | -1.3% | -95.15% | 减仓 |
| 31 | RJF | Raymond James Financial Inc | -1.3% | -95.18% | 减仓 |
| 32 | CFG | Citizens Financial Group | -1.4% | -95.36% | 减仓 |
| 33 | NI | Nisource Inc | -1.4% | -94.57% | 减仓 |
| 34 | BNY | Bank Of New York Mellon CORP | -1.5% | -97.16% | 减仓 |
| 35 | LDOS | Leidos Holdings Inc | -1.6% | -89.69% | 减仓 |
| 36 | GM | General Motors Co | — | NEW | 新建仓 |
| 37 | AVY | Avery Dennison CORP | — | NEW | 新建仓 |
| 38 | SW | Smurfit Westrock Plc | — | NEW | 新建仓 |
| 39 | T | At&t Inc | — | EXIT | 清仓 |
| 40 | TMUS | T-mobile US Inc | — | EXIT | 清仓 |
| 41 | BF-A | Brown-forman Corp-class A | — | NEW | 新建仓 |
| 42 | WBD | Warner Bros Discovery Inc | — | EXIT | 清仓 |
| 43 | UHS | Universal Health Services-b | — | EXIT | 清仓 |
| 44 | VTRS | Viatris Inc | — | EXIT | 清仓 |
| 45 | DVA | Davita Inc | — | EXIT | 清仓 |
| 46 | GOOG | Alphabet Inc-cl C | — | EXIT | 清仓 |
| 47 | GOOGL | Alphabet Inc-cl A | — | EXIT | 清仓 |
| 48 | AKAM | Akamai Technologies Inc | — | EXIT | 清仓 |
| 49 | WLK | Westlake CORP | — | EXIT | 清仓 |
| 50 | MGM | Mgm Resorts International | — | EXIT | 清仓 |
根据 SEC 官方 Form 13F 申报备案，Board of the Pension Protection Fund 在 Q4 2025 季度的美股持仓总市值约为 US$1.1亿，共申报了 251 个公开持股仓位。
在 Q4 2025 季度，Board of the Pension Protection Fund 按市值排列的前三大核心持股分别为：CNC (1.8%)、TWLO (1.8%)、ZM (1.8%)。其中最大持股仓位 CNC 占据整体投资组合约 1.8% 的权重。
精选 AlphaSMO 大户持股与内部人交易深度分析，提升投资决策胜率
完整解读 Form 13F 申报规范、1 亿美元门槛与 45 天延迟申报机制，学会如何追踪顶级对冲基金与机构法人持仓动向。
本季最大新建仓标的
GM
市值: US$181.3万
本季最大获利了结 / 清仓标的
T
前期市值: US$142.0万
在 Q4 2025 季度中，Board of the Pension Protection Fund 共进行了 50 项持仓异动，包含新建仓 4 个仓位、加仓 21 个仓位、减仓 14 个仓位以及清仓 11 个仓位。 其中最大新建仓标的为 GM。 本季清仓仓位包含 T。
本页面所有持股数据均直接同步自美国证券交易委员会（SEC）EDGAR 官方系统之 13F-HR / 13F-HR/A 季度申报文件。AlphaSMO 通过机器解析 CUSIP 与个股对照，提供 100% 精准对齐的历史时序数据集，并支持 Schema.org 结构化数据格式。
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